Locked content Grupa Azoty Q3 results soars, but below consensus

WSE-listed chemical giant Grupa Azoty had PLN 67 million net profit in Q3. Up by impressive 1,837 percent (from PLN 3.46 million), but below consensus set at PLN 88.4 million set by the analysts polled by the Polish Press Agency PAP. Revenues stood at PLN 2.19 billion, up by 9.8 percent y/y, while E...

Locked content Grupa Azoty buys PLN 94 mln worth of shares in PDH Polska

Chemicals giant Grupa Azoty will acquire 9.4 million shares of D-series nominate shares of PDH Polska, valued in total at PLN 94 million, the company stated. The shares will be acquired through private subscription. The issue will increase PDH Polska’s share capital. PLN 23.5 million will be paid by...

Locked content Grupa Azoty to expand its Police facility for €1.27 bln

WSE-listed chemicals giant Grupa Azoty will expand its planned petchem project in Police, and will build there a polypropylene plant as well. The price tag for the whole project has been set at €1.27 billion, the company said in a market filing. CAPEX is expected at €984 million and the cost of fina...

Locked content Acron might sell Azoty stake ‘for a good price’

Russian chemical firm Acron might consider selling its almost stake in the Polish state-controlled, WSE-listed chemical group Azoty if it was presented with a “good enough” offer, head of Acron’s supervisory board Aleksander Popov said, as quoted by the press agency Tass, adding that the compa...

Locked content Azoty with stiff competition for Petrokemija stake

WSE-listed chemicals giant Grupa Azoty has 10 competitors in the running for the stake of Croatian fertilizer producer Petrokemija, according to local media. Competitors include Austrian Borealis, Croatian Prvo Plinarsko Drustvo, Ina, Janaf HEP, three pension funds PBZ, Raiffeisen and Erste, EBRD an...

Locked content Poland could buy back Acron’s stake in Azoty – deputy CEO

WSE-listed, state-owned chemicals firm Grupa Azoty believes that the state-run investment vehicle PFR might buy back the stake in Azoty owned by Russian Acron. “If there is such an opportunity, and we have to think about it in terms of seizing an opportunity, it could be considered,” Grupa Azoty Dep...

Locked content Grupa Azoty submits offer to takeover Croatian Petrokemija

WSE-listed, state-owned chemicals firm Grupa Azoty filed a non-binding offer to acquire a controlling stake in Croatian fertilizer producer Petrokemija. “We are currently waiting for the answer from the Croatian side,” Azoty deputy CEO Witold Szczypiński said. Petrokemija was interested in finding a...

Locked content Grupa Azoty Q2 profit grows

WSE-listed chemical giant Grupa Azoty had a PLN 104.62 million net profit in Q2, compared to PLN 43.92 million profit a year earlier. Revenues amounted to PLN 2.18 billion, slightly up from PLN 2.15 billion last year. “The next quarter of reshuffle in the global plastics market, particularly the leg...

Locked content EBRD sells 2.9% stake in Azoty

The European Bank for Reconstruction and Development (EBRD) sold 2.85 million shares of chemicals Grupa Azoty, representing 2.9 percent stake in accelerated bookbuilding, the EBRD said in a press statement. After the sale, the lender will have 2.9 percent shares in Grupa Azoty. “The bank, as an acti...